August Energy Corp.

August Energy Corp.

April 04, 2011 01:29 ET

August Energy Corp. Acquires Gold/Silver Mineral Claims

VANCOUVER, BRITISH COLUMBIA--(Marketwire - April 4, 2011) - AUGUST ENERGY CORP. (PINK SHEETS:AENC) (The Company) acquires Mineral Lease Claims in the 'Long Canyon Gold Trend'.

The Company is pleased to announce the acquisition of 320 acres of prime mineral lease properties, approximately 15 BLM mineral lease claims located in the west section of the new Long Canyon Gold Trend area of Nevada. The Company issued 600,000 Shares of its Preferred Stock, Series "A" for the acquisition and committed to an 'Exploration Program of:

Phase One: Exploration Program on the Nevada Properties will include geological mapping, surface rock chip sampling and sediment stream sampling. These extensive samples will be delivered to ALS Chemex Labs in Elko, Nevada for multiple assays to define gold, silver and base metal results. The assay results will define specific high target mineralized locations on the properties where additional sampling will occur including IP work to zero in on multiple drill targets.

Phase Two: With these drill targets defined, the Exploration Program will proceed with a drill program to confirm the mineralization on these target areas from the surface to depth. All core drill samples will be sent to the Chemex Labs for assay results. In the event these first drill core sample assays show substantial gold mineralization, a geological grid map will be produced to lay out an extensive 'in fill' drill program to define a potential mineable ore body.

Filing with the 'pink OTC MARKETS'

The Company has with today's date filed its 'Initial Disclosure Statement' with the 'pink OTC Markets' and barring any unforeseen delays, expect to have the status of the Company upgraded to 'Current Information' on the pink OTC Market's Quotation Board within the next days.

Forward-Looking Statements 

This news release includes certain "forward-looking statements" within the meaning of Section 27A of the Securities Act of the 1933 and Section 21E of the Securities Exchange Act of 1934, and is subject to the safe harbor created by those sections. All statements other than statements of historical fact, included in this release, including, without limitation, statements regarding potential mineralization and reserves, exploration results, and future plans and objectives or expected results of Company, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual outcomes and results could materially differ from what is expressed, implied, or forecasted in forward-looking statements.

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